Aug 3 (Reuters) - Wall Street was lower on the first trading
day in August as oil prices touched a six-month low and data
showed U.S. economy lost some momentum at the end of the second
quarter.

Oil prices hit six-month lows, knocked by fresh evidence of
growing oversupply and data highlighting slowing demand in
China. Crude prices are now on course for their weakest
third-quarter performance since the financial crisis in 2008.

Energy stocks were the biggest losers among the main S&P
sectors, with Exxon Mobil and Chevron leading
the losers. The companies also reported poor results on Friday.

In U.S. data, consumer spending recorded its smallest gain
in four months, while the pace of growth in the U.S.
manufacturing sector slowed in July. On Friday, wage data showed
that U.S. labor costs in the second quarter rose the least in 33
years.
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